industrial demand for gold
DESCRIPTION
Between 10 and 15 per cent of the annual gold production is used in the industry: From 2008 until 2009 industrial demand for gold dropped by 13 per cent ...TRANSCRIPT
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Industrial Demand
for Gold
EXCLUSIVE
1. Only between 10 and 15 per cent of the annual gold production is used for industrial purposes
2. Between 2008 and 2009 industrial demand for gold dropped by 13 per cent
INDUSTRIAL DEMAND FOR GOLD
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1. In 2010 the gold supply stood at 4108 tons (2659 tons from mine production, neg. 116 tons hedging, 87 tons central banks sellings and 1653 gold recycling)
2. Demand from industry was 420 tons, or 10 per cent.
INDUSTRIAL DEMAND FOR GOLD
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1. This is 287 tons for the electronics industry, 50 tons for dentistry, and 83 tons for other industrial purposes. In contrast, jewellery demand was 2060 tons.
INDUSTRIAL DEMAND FOR GOLD
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1. Gold’s superior characteristics make it a well-regarded metal for industrial purposes
2. For example, with one ounce of gold it is possible to produce a thread of 150km
3. One ounce of gold can also be made into a gold foil of 40m2
INDUSTRIAL DEMAND FOR GOLD
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1. In the industry gold is mostly used for electronics, optics and medicine
2. The advantages of this material are it is highly conductivity, resistant to corrosion and lack of toxicity
INDUSTRIAL DEMAND FOR GOLD
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1. In the electronic industry, gold is used for wiring and as electrical connectors
2. Other uses are in the commercial chemistry
3. In dentistry, gold alloys are used in tooth restorations
INDUSTRIAL DEMAND FOR GOLD
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1. In medicine, gold can be applied as conductive coating
2. As gold reflects infrared light 98%, this metal is used as a coating on glasses and mirrors
INDUSTRIAL DEMAND FOR GOLD
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1. Besides the increasing number of appliances for gold in the industry, this demand also expands due to the strong economic performance of emerging countries
2. Currently, only the minority of gold is used in industrialized countries.
INDUSTRIAL DEMAND FOR GOLD
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1. Besides these uses, gold is, or will be used for the following purposes:
gold-based therapeutics, diagnostic technologies based
on gold as catalysts in industrial
processes for water purification and advanced consumer
electronics
INDUSTRIAL DEMAND FOR GOLD
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